Eric Trump, President Donald Trump’s son, stated that there is “almost nothing” when it comes to communication about encryption between him and the president, despite the increasing management of digital assets. His comments came in the wake of an announcement that he and his brother, Donald Trump Junior, launch a project focusing on Bitcoin coins with HUT 8 Corp. The new company, called American Bitcoin Corp. aims. , To focus on Bitcoin Mining and the development of Bitcoin Strategic Reserve.
Eric Trump will be a senior American Bitcoin strategy official, and he is working closely with the CEO of HUT 8 Asher Genot. They plan together to integrate the current HUT 8 mining operations with the newly formed entity. According to Genot, HUT 8 “will contribute to our platforms in the entity for a 80 % stake”, with the Trumps team giving 20 %, although the fine details about this 20 % owned by the Trump family has not yet been revealed.
Treating the concerns of the interests of encryption interests
during interview With Bloomberg Crypto, Eric Trump has been pressed over the White House’s association with participation – or may benefit from it – the growing encryption projects of the family. He insisted that there is no conflict of interests, saying: “Yes, almost nothing. I can tell you that my father has always been a large part of the encrypted currency. […] He fell in love with an industry because the organizers were following that industry […] The exact way they were after our family. “
He also indicated criticism that the actions of the administration can be considered to enrich the Trump family instead of benefiting from the encryption industry on a large scale. Eric Trump rejected these criticisms that they are misplaced, as follows: “The same standard, as you know, the low energy prices enrich us because we use gasoline in our promoters in our golf courses. Isn’t it?
American Bitcoin Corp is launched as an important mining process on the “first day”. According to Genot, the goal is to build one of the largest Bitcoin and Bitcoin mining companies. He explains that one of the motivations for creating an independent public entity is to give investors “a pure mining company that has the ability to produce bitcoin cheaper than just buying it.”
Eric Trump emphasizes his enthusiasm for Bitcoin capabilities to serve as “digital gold” and highlights what he considers the dependence of global encryption. He says that the American Bitcoin approach will combine the HUT 8 data center with mining experience by seeing a comprehensive tramp: “You take a company capable of compensating Bitcoin literally for nearly 50 % of what is circulated for … and it is able to offer the scale. It is a dynamite mixture. I think we will take the industry through the storm.”
Beyond the American bitcoin, the Trump family has been linked to various encryption efforts. Eric Trump talked about World Liberty Financial, an initiative that raised large money through the codes of governance and investment in encrypted currencies. President Trump himself has actively promoting Stablecoin’s legislation and has appeared in the encryption industry gatherings during his campaign and presidency – the transmission says that the risks are personal or family companies with national policy.
However, Eric Trump opposes any idea of unclear lines: “There are no conflicts because I am working with the White House. I was in a private industry throughout my life, and we started global freedom before my father was elected long ago.”
Despite these widespread family initiatives, Eric Trump reiterated that there is a little dialogue, if any, to encrypt between him and President Trump. When asked if the White House batch was to make the blades easier to the wall of protection, he replied, “Nothing is … my father was a great believer in cryptocurrencies, as I am first, and our political experience was what brought us to the table in this amazing new type of financial borders.”
At the time of the press, Bitcoin was traded at $ 84.097.
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